The US job growth in May also helps to solve concerns about the power of the economy after some downbeat data recently. Asian markets became mixed on Friday.
The Australian stock market is closed for Raja’s birthday on Monday. The Australian shares shut down marginally on Friday.
In the money market, the Australian dollar is trading at $ 0.651 on Monday.
The Japanese stock market expanding the benefits in the previous session on Monday, after a widely positive signals from Wall Street on Friday, is growing above 225 38,100 levels, in which the index has gained in most areas led by heavyweight and financial shares.
The benchmark Nikkei 225 index closed the morning session at 38,137.09, 395.48 points or 1.05 percent after touching a high level of 38,178.01. Japanese shares ended quite high on Friday.
The market heavyweight softbank group is growing by nearly 4 percent and the UNIQLO operator fasting is adding about 1 percent. In the automakers, Honda is increasing by 0.1 percent, while Toyota is down by 0.2 percent.
In Tech Space, the adventast is growing by about 5 percent and Tokyo Electron is growing 0.5 percent, while screen holdings are declining more than 2 percent.
In the banking sector, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial are receiving about 1 percent, while Mizuho Financial is adding more than 2 percent.
The major exporters are mostly more. Sony is receiving more than 1 percent, the canon is growing 0.2 percent and Mitsubishi Electric is adding more than 2 percent, while Panasonic is losing about 2 percent.
Among other major beneficiaries, Otsuka Holdingsis is growing by nearly 9 percent, Sockentext is growing by about 8 percent and recruitment holdings are growing more than 3 percent, while disco, Fujitsu and Fujikura are adding about 3 percent.
Conversely, the M3 is losing more than 3 percent and Kanadevia is declining by about 3 percent.
The cabinet office said on Monday, in economic news, Japan’s GDP was unchanged on a seasonally adjusted quarter from the previous quarter. Defeated forecasts for a decline of 0.2 percent after an increase of 0.6 percent in three months. On an annual basis, GDP was below 0.2 percent – was crossing expectations for a decline of 0.4 percent after a decline of 0.7 percent in the last three months.
Japan also posted an current account surplus of 2.258 trillion yen in April, the Finance Ministry said on Monday. It was embarrassed by expectations for the surplus of 2.560 trillion yen and was below 3.678 trillion yen in March.
In the money market, the US dollar is trading in a lower 144 yen-range on Monday.
Asia, South Korea and Hong Kong are up 1.7 and 1.3 percent respectively in Hong Kong respectively. China, Singapore, Malaysia and Taiwan each have higher between 0.2 and 0.8 percent. The New Zealand is promoting the trend and is 0.3 percent below. Indonesia is closed for Eid-al-Aadha holiday.
On Wall Street, the stock showed a significant step during trading on Friday after the stock finished yesterday’s unstable session. With strong upward step, Nasdaq and S&P 500 reached their best closing levels in three months.
The major average session increased early and was strongly positive throughout the day. NASDAQ increased by 231.50 points or 1.2 per cent up to 19,529.95, Dow from 443.13 points or 1.1 per cent up to 42,762.87 and S&P 500 increased by 61.06 points or 1.0 per cent to 6,000.36 in 500.
Meanwhile, major European markets also mixed the day. While the German Dax index decreased by 0.1 percent, the French CAC 40 index increased by 0.2 percent and the UK’s FTSE 100 index increased by 0.3 percent.
In response to the data of better-and-additional jobs, crude oil prices increased on Friday. West Texas Intermediate crude for July delivery was $ 1.21 to $ 64.58 per barrel; It was 6 percent up for the week.
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.
